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Definition of stop loss

A stop loss is a loss limit that a player sets for himself. This limit can be set in cash games, tournaments and sit 'n' go's. Variance is part of the game. It is normal to win and lose buy-ins, but beyond a certain limit in a certain amount of time, say 10 full cash games in a few hours, it may be time to take a break, at least for the evening. There is online software to help. After X number of losses, either in cash games or tournaments, the software will close down and block all our tables for us.

Variance, tilt or fatigue?

Imposing a stop loss can be a good thing if you know yourself well. Few players will be able to continue playing their A game after losing a lot of buy-ins. If you are one of the few players who can continue to play your A game after so many losses and still be objective enough to determine that your losses were due to variance, you may not need such a limit, but for the majority of players, the stop loss can be a practice that prevents a bankroll disaster.

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